
Carmel, California 93923
This European-inspired coastal retreat is a Strong Value Opportunity, listed at $4,700,000, which aligns closely with its $4,651,650 Fair Market Value. While the home maintains a Condition Rating of 4, its 1985 construction offers a solid foundation for modernization to match its premium Carmel Highlands location. Featuring breathtaking ocean vistas, a distinctive turret entry, and a spacious bonus studio, the property provides significant lifestyle appeal. This residence is an ideal acquisition for discerning homeowners or luxury investors seeking a high-potential coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23 Mentone Road Subject | $4,700,000* List Price | 4 | 3 | 3,481 | $1,336 | - |
A 214 Crest Road Sold | $4,395,000 | 3 | 4 | 2,910 | $1,510 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985 (39 years old), the home is exceptionally well-maintained but remains largely dated with original 1980s architectural features. The 'country kitchen,' tile fireplace surrounds, and extensive wood trim are functional but exceed the 20-year threshold for modern updates. While move-in ready, it lacks the recent renovations required for a higher rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 3481.
Situated in the exclusive Carmel Riviera, the property offers breathtaking, unobstructed Pacific Ocean vistas from nearly every room and expansive outdoor viewing decks.
Features a unique European-inspired design with 20-foot vaulted ceilings, a distinctive turret entry, and a flexible bonus space above the garage ideal for a studio or guest suite.
Built in 1985, the 'country kitchen' and interior finishes may require contemporary updates to align with the premium $4.7M price point and modern luxury standards.
The list price was recently adjusted upward from the original offering, which may impact buyer perception and market momentum in a selective luxury segment.
Sited above the Pacific Ocean in the coveted Carmel Highlands, this European inspired coastal retreat offers breathtaking ocean vistas, exceptional privacy, and timeless elegance. Located within the exclusive Carmel Riviera enclave, the residence captures sweeping views from nearly every room and embraces indoor-outdoor living. A distinctive turret entry leads to a grand great room with soaring 20 foot vaulted ceilings, rich wood floors, a statement fireplace, and walls of glass framing the ever-changing Pacific. French doors open to view decks where sunsets and coastal panoramas become part of everyday life. Designed for both relaxed living and entertaining, the home features a welcoming family room with wood-burning stove, a country kitchen, and a formal dining room. The turret staircase leads to a primary suite with view deck, plus three guest bedrooms and a second full bath. A spacious finished bonus area above the garage offers ideal guest, studio, office, or wellness space, while a third floor retreat provides a light-filled ocean view escape. Privately situated on a southwest facing hillside, residents enjoy wider private roads, a dedicated water system, optional beach access, and a location just minutes from Carmel-by-the-Sea.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 3,481 | 1,978 |
| Lot Size | 43,560 | 5,500 |
| Price | $4.70M | $3.29M |
| Price per sq ft | $1.4K | $1.6K |
| Built year | 1985 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 17 | 73 |
Jul 7, 2026
$4,700,000
$4,495,000
+5% Price Increase
Initial Listing
Jul 5, 2026
$4,495,000
Initial Listing